3 years ago

If the simple interest on $3,000 for 4 years is $960, then what is the interest rate?

Mathematics

1 answer:

Nina [5.8K]3 years ago

8 0

Answer:

Step-by-step explanation:

R = 100 x I/P x t

Given

Interest I = $960

Principal P = $3000

Time t = 4 yrs

Rate R = ?

R = 100 x 960 /3000 x 4

Multiply through

R = 96000/12000

R = 8

R = 8%

You might be interested in

The perimeter of a rectangle is 90 feet . The length is 27 feet .what is the width of the rectangle

Dima020 [189]

I think it would be 30ft

7 0

3 years ago

Read 2 more answers

Find the gcf of 14,35,84

Paha777 [63]

Answer:

Step-by-step explanation:

3 0

2 years ago

1 ) Considere a expressão algébrica:

balandron [24]

A) i think is correct andewmer

7 0

3 years ago

nadya68 [22]

Answer:

41 miles per gallon

Step-by-step explanation:

41 miles ÷ 1

1 gallons ÷ 1

41 miles

1 gallons

41 miles

gallon

41 miles per gallon

*Every number divided or multiplied

by 1 is the same number (1÷1=1 / 2÷1=2)*

3 0

3 years ago

Shannon walks 2,500 metres in 1 hour 40 minutes. <br> How far does she walk in one minute?

stich3 [128]

Answer:

25m

Step-by-step explanation:

Shannon's rate is 2,500m/100min. Simplifying, we see that this is equal to 25m/1min.

So, she walks 25 m in one minute.

4 0

3 years ago

If the simple interest on ​$3,000 for 4 years is ​$960​, then what is the interest​ rate?

If the simple interest on $3,000 for 4 years is $960, then what is the interest rate?